In a significant reset of strained ties, India and Canada on Monday (March 2, 2026) signed a landmark uranium supply agreement and committed to fast-tracking a Comprehensive Economic Partnership Agreement (CEPA), following high-level talks between Prime Minister Narendra Modi and his Canadian counterpart Mark Carney in New Delhi.
The agreements, spanning civil nuclear energy, critical minerals, defence cooperation and trade, signal a dramatic diplomatic revival after relations plunged to historic lows in 2023. At Hyderabad House, the two leaders oversaw the signing of multiple agreements, headlined by a long-term uranium supply deal worth CAD $2.6 billion (approximately $1.9 billion).
Under the pact, Canada will supply uranium to fuel India’s expanding civil nuclear energy programme. The two sides also agreed to collaborate on small modular reactors (SMRs) and advanced nuclear technologies, areas seen as central to clean energy transitions.
PM Modi-Carney meeting outcomes
Prime Minister Modi described the development as an “important milestone”, saying, “In the civil nuclear energy sector, we have struck a landmark deal for long-term uranium supply. We will also work together on small modular reactors and advanced reactors.”
Canadian PM Carney called it the launch of a “strategic energy partnership with significant potential,” positioning Canada as a reliable partner for India’s nuclear ambitions.
https://x.com/MarkJCarney/status/2028438003861815622?s=20
India-Canada Free Trade Deal: Is it back on track?
PM Modi and Carney confirmed that negotiations on the Comprehensive Economic Partnership Agreement (CEPA) will be accelerated, with both sides finalising the terms of reference. “Our target is to reach $50 billion in bilateral trade. This is why we have decided to finalise a comprehensive economic partnership soon,” PM Modi said.
How are critical minerals and energy shaping the partnership?
Beyond uranium, India and Canada also signed cooperation agreements in the critical minerals sector, a strategic area as India scales up manufacturing, electric mobility and clean-tech capabilities. “As India seeks access to critical minerals for its manufacturing, clean-tech and nuclear plants, Canada’s resource base and world-leading companies position it as a strategic partner,” Carney said.
https://x.com/narendramodi/status/2028454860572533128?s=20
